ProShares Ultra DJ-UBS Crude Oil Crosses Below its 10-day MA (UCO)
ProShares Ultra DJ-UBS Crude Oil (NYSE:UCO) crossed under its 10-day moving average of $35.81 on a volume of 222K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of ProShares Ultra DJ-UBS Crude Oil have traded between a low of $24.75 and a high of $38.14 and are now at $35.65, which is 44% above that low price. The 200-day and 50-day moving averages have moved 0.41% higher and 1.88% higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in ProShares Ultra DJ-UBS Crude Oil. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of ProShares Ultra DJ-UBS Crude Oil in search of a potential trend change.
Keywords: moving crosses proshares ultra dj-ubs crude oil